I would like to get a savings bond of some sort for my 3 yr old neice. My aunt and uncle got me two different series EE savings bonds in 92 and 93 for $50. They spent $25 so now one is worth $43 and the other $56. What other options do I have besides the kind I received when I was a child? I want to spend $50-$100, but I don't want her to have to wait until she is 30 years old to get the full amount.
Thank you in advance for your answers!!!
2007-03-13 03:34:11 · 4 answers · asked by the best 3 in Business & Finance ➔ Personal Finance
Go to the savings bonds website (link below) and you can research the various types of bonds and options.
2007-03-13 03:46:51 · answer #1 · answered by Faye H 6 · 0⤊ 1⤋
the whole idea is to double your money while helping support the feds a 50 savings bond only cost 25 dollars. so what if you have to wait 30 years that would be some nice retirement money
safe too after these bonds mature you can trade them in for even BETTER bonds that pay more and mature earlier
2007-03-13 10:47:51 · answer #2 · answered by Anonymous · 1⤊ 1⤋
If a savings bond is what you want, then a Series I bond is the best because it earns more interest and you purchase it at the face value, rather than at half the face value.
2007-03-13 12:01:36 · answer #3 · answered by Texas Girl 3 · 1⤊ 0⤋
why dont you open her a high yield savings account at emigranddirect.com, INGdirect.com, HSBC.com, capitalonesavings.com- your initial deposit would earn 5% interest and when your niece is old enough you can teach her about saving.
I though there were savings bonds that matured every 7 years. call your banker and ask.
2007-03-13 10:52:09 · answer #4 · answered by Anonymous · 1⤊ 0⤋